Indian Union Budget 2015-16, Central Excise Duty changes under Chapter 24.

Customs duty tariff rate changes as per Indian Budget 2017-18


Central Excise Duty changes as per Indian Budget 2017-18


Service Tax rate tariff Changes under Indian Budget 2017-18

 

(Updating soon after Budget 2017-18 on 1st February,2017 with text format and pdf format)



The information provided here is part of Online export import business guide course

 

Budget 2016-17 changes in customs import duty tariff,excise duty and service tax

Indian Union Budget 2016-2017, changes in import customs tax tariff, chapter wise

Indian Budget 2016-17, Excise duty tariff changes, chapter wise

Changes in Service Tax as per Budget 2016-17

 

 

Central Excise Duty changes as per budget 2015-16 under HS code Chapter (ITC) 24.



Click here to read more:  Indian Budget 2015-16, Import Customs Duty Changes, chapter wise     Indian Budget 2015-16, Central Excise Duty Changes, chapter wise 

 

Learn Exports and Imports free  Click here to read.

 

budget27 copyAs per Indian Budget 2015-16, the following Central Excise Duty changes have been declared under import of cigarettes and other products .

 

"1)Basic Excise Duty rate on cigarettes and other products of tariff heading 2402 is being increased. Clause 104 of the Finance Bill, 2015 refers. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, these changes will come into force with immediate effect. There is no change in NCCD leviable under Seventh Schedule to the Finance Act, 2001 and Additional Duty (health cess) under Seventh Schedule to the Finance Act, 2005. The changes in basic excise duty rates on cigarettes are summarized below:

Tariff Item  : 24022010  Cigarettes, containing tobacco Non filter not exceeding 65; Existing Rate  BED Rs. per 1000 sticks = Rs.990  ; New Rate:  Rs.1280

 

Tariff Item  : 24022020  Cigarettes, containing tobacco Non-filter exceeding 65 but not exceeding 70 ; Existing Rate  BED Rs. per 1000 sticks = Rs. 1995     ; New Rate:  Rs. 2335

 

Tariff Item  : 24022030 Cigarettes, containing tobacco Filter not exceeding 65; Existing Rate  BED Rs. per 1000 sticks = Rs.990  ; New Rate:  Rs.1280

 

Tariff Item  : 24022040    Cigarettes, containing tobacco  Filter exceeding 65 but not exceeding 70 ; Existing Rate  BED Rs. per 1000 sticks = Rs.1490     ; New Rate:  Rs.1740

 

Tariff Item  : 24022050 Cigarettes, containing tobacco Filter exceeding 70 but not exceeding 75 ; Existing Rate  BED Rs. per 1000 sticks = Rs.1995   ; New Rate:  Rs.2335

 

Tariff Item  : 24022090  Cigarettes, containing tobacco -Other  ;  Existing Rate  BED Rs. per 1000 sticks = Rs.2875   ; New Rate:  Rs.3375

 

 

2) Excise duty on cut tobacco is being increased from Rs.60 per kg to Rs.70 per kg. Clause 104 of the Finance Bill, 2015 refers. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, the increase will come into force with immediate effect.


3) Maximum speed of packing machine for packages of notified goods of various retail sale prices is being specified as a factor relevant to production for determining excise duty payable under the Compounded Levy Scheme presently applicable to pan masala, gutkha and chewing tobacco. In this regard, section 3A of the Central Excise Act, 1944 is being amended to insert an Explanation so as enable the Central Government to specify more than one factor relevant to production. Clause 90 of the Finance Bill, 2015 refers. By virtue of declaration under the Provisional Collection of Taxes Act, 1931, this amendment will come into force with immediate effect. Accordingly, deemed production and duty payable per machine per month are being notified with reference to the speed range in which the maximum speed of a packing machine for packages of various retail sale prices falls. Consequential amendments are being carried in the Pan Masala Packing machines (Capacity Determination and

Collection of Duty) Rules, 2008 and Chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010. Rule 6(vii) of the said Rules provide that the manufacturer in the prescribed Form 1 shall declare the maximum packing speed at which the packing machine can be operated for packing of pouches of notified goods of various retail sale prices. A proviso is being inserted in sub-rule (3) of rule 6 of the said Rules so as to enable the AC / DC, as the case may be, to re-determine the annual capacity of production within 3 working days of the coming into force of the Packing machines (Capacity Determination and Collection of Duty) Amendment Rules, 2015 and Chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Amendment Rules, 2015. In this regard, notification No.42/2008-Central Excise dated 1st July 2008 as amended by notification No.6/2015-Central Excise dated 1st March, 2015  notification no.06 of 2015-Central Excise, dt. 01-03-2015.pdfand notification No.30/2008-Central Excise (N.T.) dated 1st July, 2008  as amended by notification No.5/2015-Central Excise (N.T.) dated 1st March, 2015 in respect of Pan Masala and Gutkha refer. Notification No.16/2010-Central Excise dated 27th February, 2010 Notification No.16 of 2015-Central Excise, dt. 01-03-2015.pdf as amended by notification No.5/2015-Central Excise dated 1st March, 2015 Notification No.05 of 2015-Central Excise, dt. 01-03-2015.pdf and notification No.11/2010-Central Excise (N.T.) dated 27th February, 2010 notification No.11 of 2010-Central Excise (N.T.) dated 27th February, 2010.pdf  as amended by notification No.4/2015-Central Excise (N.T.) dated 1st March, 2015 Notification No. 04 of 2015-Central Excise.pdf  in respect of Chewing tobacco, unmanufactured tobacco, jarda scented tobacco and filter khaini refer."

 

The above information is a part of Guide on howtoexport and import





Click below for more details: 

Indian Budget 2015-16, Import Customs Duty Changes, chapter wise 


Indian Budget 2015-16, Central Excise Duty Changes, chapter wise

Service Tax Changes as per Indian Union Budget 2015-16 

 

Discuss your views about the above changes of Central Excise Duty for cigarettes and other products .


Learn Exports and Imports free  Click here to read.

 

Also read;
How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Documentation procedures on high sea sale


Related posts about import export trade tutorial:


 Is Letter of Credit LC safe for an Importer?   Transhipment - A redefinition       Travelers to India under import duty exemption, Frequently Asked Questions Part 2        How to minimize import cargo clearance time? An open logic proposal to WTO      Why does Palletization require?    Why labeling and marking in Export business?      How to obtain a duplicate BL, if original bill of lading lost.      Why, best attention while preparing Export Invoice?      Importing procedures for Sanitary, Engines and Management ,Environment quality.        How to import Works Of Art. Collectors' Pieces, Antiques              How to import Goods under chapter 96 of HS Code      What is Test Report in Import clearance       What is Shut out in export trade         What is CT3 form. How to get CT3. Why CT3 required         What is customs bonded area in exports and imports      What is Rummaging         How does First Appraisement system of import customs clearance procedures work?         Use of ventilated containers           Difference between normal dry container and Plat form container         Import customs processes for importation of milling industry products          Importation of Cereals          Types of Export Containers        Dimension of Cargo Containers

 


Comments


Arun Bari: What is the abatement rate for pharmaceuticals products i.e. chanpter 30

S D Roy: What should be the procedure on withdrawal of education cess in payment of C,Ex duty by a manufacturer as there is no withdrawal in Customs and Service Tax A) Fate of unutilised credit of cess? B) Cess continues to be paid for any input services, then how that portion to be debited while paying C Ex duty where there is no such edu cess at the moment C) How to file return for March 2015

dharmesh kadiya: letest excise duty chargeble on goods or other things list of tariff how to apply

NARESH AGARWAL: SIR BUYAR OF GOODS ARE THE REGISTARD DEALER OF CETVAT & SELLER ALSO REGISTARD DEALER BUT SUPPLIER IS NOT A REGISTERD DEALLER THIS INVOICE WRONG OR CORRECT EXAMPLE A WAS SELLER B WAS SUPPLIER &C WAS PURCHEASR

Arshad A Khan: How much customs and local tax will cost if we import cigerate brand benson &hedges light

sourabh: how much exmption on hand product tobacoo unit

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers